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it and make it pro-growth. >> on the democratic side, senate majority leader harry reid told reporters he would like credit for what congress previously cut. >> we have already done a billion dollars worth of cuts. >> today, the top democrat in the house took a similar approach. >> i think it's important to note we have already agreed to $1.5 trillion in cuts in the budget control act and other acts in this session of congress. so now we wait to see the revenue piece to that. >> asked what she would be willing to slash as part of this deal? >> we'll be talking about that later. >> rank and file house members say they realize more must be done now. >> we can means test entitlements, so for folks making $1 million year, you know, maybe they aren't able to access medicare. they have the means to buy their own healthcare. >> i know we can't afford to spend $690 billion on the defense, but there are smart ways and dumb ways to cut defense spending. for example, we still have bases all throughout western europe that there hasn't been a threat to western europe since 1989. >> beyond that, he did
's democratic party. what you here from barack obama, harry reid, nancy pelosi, dick durban is not lowering all tax rates to get economic growth. you have a modern democratic party that is so far to the left that they believe in sunday amount alley anti-american concepts of radical wealth redistribution in order to equalize everyone. that is not what america is all b. the leading party that is leading the country in terms of the white house and congress really believes that by force, i don't mean by military force like the old school communist and social lists did, but by force of the tax code and redistribution of policies like obamacare they intend to force that on the american people. megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton
is out of the hospital tonight. the senator checketd himself into walter reid yesterday for what she called a routine procedure. no word on that what that was. he is 89 now. he won the republic nomination in '96 but lost to president clinton. i'm shepard smith. this is the fox report. it's the bottom of the hour, time for the top of the news. and you know that one friend who just won't let you get a word in edge wise, the u.s. senate has a friend like that. his name is filibuster. it's really a technique that lawmakers use to hold the legislation that they don't like. a senator or group of senators refuses to get off the floor and that group can kill the bill that way. now, the senate majority leader harry reid is threatening to push for a change to the filibuster rules that would give minority members less power. but the minority leader mitch mcconnell says that would be the equivalent of blowing up the senate. doug mckelway with the news live on capitol hill for us tonight. doug, they call it the nuclear option. >> yeah, they call it the nuclear option because the party that exerci
is joy ann reid, and ana marie cox, washington correspondent for the guardian. thank you both for joining me tonight. >> good to be here. >> ana marie, let me start with you. do republicans see the writing on the wall in this tax debate? >> i think they do. obviously some of them do. and i have to say, this is like a very weird place to kind of like stake your claim, like this is what you're going to commit political suicide over. there are actually other conservative ideals that i understand the philosophical principles behind and why you might go to the mat on this one. but this was -- as the president said, this was something that was decided by the election. this is not something that people were wishy-washy on. americans don't mind if you raise taxes on the very wealthy. not only do they not mind but they want this. i think it only makes sense for republicans to at least do what tom cole has said, which is to settle for this now and then if you want to have that fight later, if you want to make your debate points later, go ahead and do that. at this point, the memory so fresh with wh
is not part of this problem. so it should not be part of the discussion. harry reid, in fact, has been extremely firm on that. he said i will not be part of discussions that include social security as part of this bargain. so if they stick to that, then they won't be. >> yeah, there's so many moving pieces. susan, today, the president's going to meet with small business owners. friday he's going to montgomery, pennsylvania, to visit a small business that will be impacted. very campaign like stuff. what's he trying to do here? >> yeah, who is he not meeting with this week? that would be congressional -- that would be members of congress, especially those house republicans would be the critical partners on this. so he's trying to take a very different approach than he took in the first term and the early go rounds on this. and that is to build some public support tap on the good feeling from his re-election to give -- as ryan pointed out. there's some democrats including powerful ones like harry reid that say medicare and medicaid have to be off the table. those democrats do not include
to be a new day with these guys. harry reid was very pessimistic. this is a traitorous market, we will see a lot of volatility going to the end of the year. melissa: it is like a ping-pong match. thank you very much, and very interesting day right now we are glad everybody is watching this, focusing on the fact one sentence close the market around. voicing his optimism they could reach a deal with the white house and avoiddthe fiscal cliff. looking at the oneesentence in that one word, optimism. >> that is right, with the president's remarks that he would like to see framework to avoid the fiscal cliff by christmas. sitting treasury debt up to capitol hill tomorrow to meet with congressional leaders, democrats and republicans. in the meantime the president keeping up the pressure on republicans from here to extend expiring tax cuts for middle-class taxpayers, but let them expire for wealthier taxpayers. take a listen. >> the place where we already have and three complete agreement right now is on middle-class taxes. as i have said before, we have two choices. if congress does nothing, ever
's stephen colbert territory. that's harry reid. that's what they say. that's nonsense. people take the pledge but the reason why most republican than a handful of democrats take the pledge is the only 10 to raise taxes. we just and the pledge of in the mail and people make that commitment and campaign on it and make it part of -- >> if you're running in a republican primary, it's very helpful to you, effectively difficult to run in a republican primary without signing it. they are in a box. the republicans, county and look for a way out of? >> no. which general have is a little so here's complicated bill. it's got a lot of moving parts. does it raise taxes? look, it's pretty clear in those cases. the important part of the pledge is it allows people to credibly commit they're not going to raise taxes and the people know who and what they are. is allowed john boehner and mitch mcconnell to govern recently. it's about the republican governors passed out ushers at the red states for the 24 states republican governors, republican legislature. blue are the 13 of 40 state spending on how
to raise the debt ceiling. first, senate majority leader harry reid and republican majority leader mitch mcconnell will talk on the senate floor about the january fiscal deadline. >> since our country voted to return president obama to the white house, i have spoken often about compromise. i remain optimistic that, when it comes to our economy, when it comes to protecting middle-class families from a whopping tax hike, republicans and democrats will be able to find common ground. president dwight eisenhower, a republican, once said, "people talk about the middle of the road as though it were unacceptable. there have to be compromises. the middle of the road is all usable space." so said white house and higher. -- dwight eisenhower. too often, we face off, not realizing that the solution rests somewhere in the middle. i remind everyone of one fact. this congress is one vote away from avoiding a fiscal cliff for middle-class families and small businesses. we can solve the greatest economic emergency facing the nation today if only the house would consent the senate-passed bill freezing --
reid on the floor of the senate only moments ago. listen to him. >> unfortunately there is one obstacle standing between you and congress to compromise, grover norquist. for years he has bullied lawmakers willing to put their oath of office or promise to serve constituents ahead of their pledge to this antitax zealot. his brand of ideological extremism has been bad for congress and even worse for the country. i was pleased to see republicans in congress distance themselves from norquist this week. i appreciate that very much. bill: here now to react. grover norquist, americans for tax reform. good morning to you. >> sure. bill: harry reid, what do you think about that? >> well, only senator harry reid of nevada could pack that many lies into something quite that short. look, the taxpayer protection pledge as harry reid well knows is a commitment by senators and congressmen to their constituents, not to me personally, reid tells that lie over and over again, a commitment to their constituents that when they come to washington they will reform government and spend less money, rather than
be reached. this comes on the heels of yesterday when you had harry reid expressing caution about the fact things ar were nt going that well. we are seeing the market to the downside, they have improved and you can see it spiked up. alaska mitra said to them. dagen: speaking of house speaker john boehner, he said he is optimistic. >> i'm optimistic we can work together to avert this crisis sooner than later. connell: we also want to show you this, this is skepticism from who you would think would be a major player in the deficit talks. >> i am really worried we have a probability we could go over the cliff, and that would be catastrophic. not to go over the cliff, we have to compromise, have to have revenue. the problems are real, the solutions are painful, no easy way out. the only way you can do this ifs to have a balanced approach and that is where people are headed. connell: matt welch is here. what do you make of all this, matt? >> there is nobody at the table actually interested in cutting the size of the government. that seems strange to democrats who think we're living in some sort
change that changed is harry reid says he wants to do something about the filibuster. isn't what i want to do. it feels to me like a tectonic shift saying we need to change this, it has gone too far. >> it really is. harry reid has long defended the perogatives of the senate and of the filibuster even in the face of criticism from his own members, but virtually all of his members now want to do something and he has been infuriated by the way in which mitch mcconnell has carried out, but if you think about t it is a very odd time to do this. the house is under the control. >> you don't get that much. >> of the republicans, so it is not as if the filibuster is the only thing standing in the way >> of the republicans, so it is not as if the filibuster is the only thing standing in the way of democratic program and as norm said, at the beginning of this new congress president obama has a better shot at working with the senate including 6, 8, 10, republicans in using that to put pressure on the house so is this the right time to blow up the senate? >> norm, real quick, do you think we need 6
is sticking by her for now. she's not yet been nominated. harry reid said they believe the committees in charge chaired by john kerry should be in charge of this and not members from other committees like homeland security and intelligence and armed services who are getting involved in this. but as you pointed out, none of the republican senators asking questions chair anything. it's becoming very personal and very puzzling indeed. >> one last sort of puzzling hmt of this to me. i just want your perspective because you have reported on these issues for so long. it seems remarkable to me to have the acting director of the cia personally accompanying susan rice to that meeting today. this is not formal testimony. there was no committee of lindsey graham and john mccain. they don't run anything there. is it unusual to have the leader of the cia personally involved like this? >> it was remarkable to me. i described her on "nightly news" as her wing man. he was there to take the blame. and it did seem for an acting director of the cia to be put in that position rather extraordinary. he him
the fiscal cliff to prove his mandate? maybe. joining me now are joy reid, managing editor of the grio and robert reich, former labor secretary and professor at the university of california berkeley. joy, are you feeling sorry for grover norquist yet? >> immensely. he's such a lonelily l man. the senate is gone. enough republican senators have signal they're going to play ball. this is about the house of representatives and really for john boehner, everything changes in a good way for him. if we go off the curb or the cliff on january 1st, he won't be dealing with that tea party caucus and that's the bee in his bonnet that doesn't want to make a deal and by the way, a lot of them are are out the door. so greg's reporting is interesting because it signals that the white house has a public posture in which they say no, we dare not go off the cliff but we're going to get those tax rates increased and the reporting i've done tonight is that there's going to be additional meetings. this was the private version of the public meetings they did last week. now, they've been doing them in privat
time now. >> hb 800 companies and groups sent a letter to senators harry reid, mitch mcconnell and others to say that they want repeal of the medical device tax as part of the fiscal cliff deal, this is a tax not on profits, on sales, on revenue. even if you post losses you still have to pay the tax. here's what the letter writers are warning about. if it passes, it will adversely impact patient care can increase cost of health care and adversely impact jobs. it's a 43,000 jobs could be lumped medical device makers. pacemakers, stopping brain aneurysms including prosthetics for soldiers returning from overseas and the issue is why you're hitting us with an excise tax on sales? they did a study which found when you do the math it is actually 80% in federal, state and local including the excise tax. lori: why would they go throughr the medical device makers? the tanning bed tax, the kind of understand. >> here is the rationale. the house want repeal it, but has stalled in the senate. the logic is they have to have health insurance, required to have health insurance, the lo
. he spoke with speaker boehner and harry reid over the weekend and yet no meeting date is set. what kind of outreach is going on behind the scenes? are you aware, ken, of any other relationships that are being developed at this moment to try to fend off the fiscal cliff? >> yeah. mostly what we're hearing about is that the staff level there are ongoing negotiations between the white house, between harry reid and the senate majority leader's office and john boehner's office, the house republicans. but so far what we've seen, at least in the principal, is really just highlighting the differences and how stark the differences are. yes, there have been some republicans who have publicly said they are open to poe tengts tax increases, revenue increases, but even more so we're seeing this entrenchment over the military spending cuts, the unwilling nness to see that and we're seeing on the democratic side the idea that maybe it wouldn't be so bad if we went over the fiscal cliff and kicked the can down the road to the next congress which will be more favorable from the liberal perspective
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
and harry reid over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie miller show," welcome to it. 1-800-steph-1-2 toll free from everywhere. steven weber. he will be there nobody panic he will be right there. charlie pierce said some good stuff about the fiscal cliff and other things. this is going to be a fascinating discussion. the president playing three dimensional chess. told you so. >> never mind. >> never mind. >> corn? when did we book corn? [ laughter ] >> oh, you kids. i swear. all right, you know what? i think there's a little estrogen in the clubhouse. ♪ ♪ >> hi, jackie schechner. >> good morning
reid and speaker john boehner by phone on saturday when you see him this week he will be getting by with a little help from his friends ordinary unelected americans. joining us professor of economics at the university of michigan justin wool fers. great to see you. before i ask for your economic analysis i want to pose one question to my colleagues in new york, that is really about the optics of the president going straight forward and straight to the kisser as it were on the bush tax cuts, not really even talking about the fiscal cliff or the debt limit which looms in february or march. >> as we know there is no real fiscal cliff. it's more of a curve or a mole hill. it's serious and real but not going over the cliff. if there is something of a cliff-like situation, it's playing to the president's advantage. december 31st what he doesn't want, the bush tax cuts for the rich, will be gone. they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not
of the session. 12,879, matching what we saw when harry reid began making comments about an hour and a half ago. the nasdaq lower by nearly nine points. the s&p lower by seven points. 1399, just below the 1400 level. why the late-day selloff? most on the street blaming these words out of washington about fiscal cliff. >> there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. >> as we head into the fiscal cliff negotiations, my advice to the president would be seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> behind closed doors. even with the fiscal cliff looming over the markets, our own jeff cox with cnbc.com says there's a growing bit of optimism about the outlook for next year. take a look at some of the predictions from some of the street's biggest names regarding the s&p 500 for n
majority leader harry reid says raising the debt limit has to be part of any package. john tester a members of the banking committee. newly re-elected. >> thanks, andrea. >> thanks very much for being with us. you're from one of the reddest of red states, you squeaked through. congratulations on that victory. what does it now bring you right into the middle of these negotiations and a tough vote. what are the people back home telling you? >> the people back home have been telling us some time we need to work together as americans, not as democrats or republicans. i think the folks back home are really sick of the hyper partisanship in washington, d.c., which has resulted in really a lot of dysfunction and so especially when it comes to the issue of debt and deficit it's going to take folks working together as americans, put the parties aside, do what's right for the country and move on. >> you're willing to vote for higher taxes some changes in medicare, including eligibility age, tougher means testing. some kind of reduction in benefits for future beneficiaries not the current. >> i tell y
and spending cuts and away from taxes and no movement in harry reid's association, he says that democrats have cut enough. >> well, remember we've already done more than a billion dollars worth of cuts, we've already done that. so we need credit for that and those negotiations that take place, and however, here is a cave caveat, senator dick durbin is taking a hard line approach. quote, we can't be so naive to believe that just taxing the rich will solve our problems and put everything on the table, repeat. everything on the table. and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to
programs. it is something that was taken out of my paycheck. >> bill: thank you. >> caller: harry reid said they didn't contribute to the debt problem. these big tax breaks contributed to the debt problem, the two false wars created the deficit. we need to lock arms and walk up to the cliff and see what it is all about. >> bill: arnold you got it. alan in new bedford mass. >> caller: good morning, bill. i think there are two separate issues. the bush tax cuts were to expire in 2010. they were only extended was because of [ inaudible ]. period. >> bill: yeah, that was all over the debt ceiling negotiations. the president went along with it, but it's time to end them now. they are still making the argument that that is a job creator. no, it's not. no, it's not. >> announcer: this is the "bill press show." ♪ >> announcer: chatting with you live at current.com/bill press. this is the "bill press show," live on your radio and current tv. >> bill: how about it coming to you live indeed. coming you live on cirrus xm this hour only and on current tv. republicans talking out b
the table and if harry reid is trading bars with mitch mcconnel, what is up here. senator durban said, it shouldn't be ps deal. i don't think there is a bar gain to be had. it is a win win for alabama. he is going to get the tax hikes or the rb ares will say no deal and he gets the tax hikes which is what he will prefer anyway. that is a big pot of money he can use for whatever he wants. they are still not going to be a deal. baker, democrats saying there is no problem with social security, even though the piece in the "wall street journal" today said they are $20 trillion in the hole. they said they are $40 trillion in the hole. how can democrats argue that with a straight face. i know that stuff inside and out. most of those shortfalls are in the 22nd century. we don't have a big problem with those programs. in fact most of the story is health care. the budget office may adjust their projections and the story disappears. i know people like to run aaround with that but it doesn't make sense. >> what me worry scenario. medicare no problem. medicaid no problem. i don't know, one trilli
leader of the united states senate, the honorable harry reid. >> today the people of burma and the united states honor aung san suu kyi. her personal sacrifice and her dedication to spreading freedom and justice not only in burma but in the world. even when it meant separation from her family, when it meant being a part from her husband at the hour of his death, aung san suu kyi has remained true to her cause. today i also recognize my colleague, republican leader mitch mcconnell. i have stood next to him on the senate floor now for a long time, and there is no cause for which he has been more pronounced in doing something about than aung san suu kyi and burma. i extend my congratulations, my admiration and i applaud him for his good work. he has been a long standing advocate in the united states to focus on burma and what is wrong there with the ruling junta. he co-sponsored the economic sanctions bill that helped push the regime toward freedom. sometimes people think it is hard for the two parties of congress to find common ground. lots of times it is. but i am pleased that where the bu
house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't jus
with it again. thank you, stuart. martha: you have got senate majority leader harry reid saying there isn't much to talk about, that the election shows the american people have given the lawmakers the go ahead to raise taxes. >> americans when they voted raised their voices and supported our pledge. congress is acting in accordance with the will of the american people. martha: reid says any agreement must have the wealthy to pay a little bit more to reduce the deficit. bill: what happens if they don't see a deal? 90% of americans will see a tax hike in 2013. and families that make between $40,000 and $65,000 will have to pay an extra $2,000 to washington, d.c. in taxes. martha: concerns over america's fiscal cliff have sent the markets lower in premarket trading. there is a look at where the dow is poised to open this morning. with the dow, the s & p and the nasdaq all trading lower. speaking of that, a new round of violent protests break out in egypt as police fired teargas into the crowds. here are some of those scenes. >> unbelievable. more than 100,000 people flooded into downtown cairo. th
're not going to stop the front four of anybody else. >> problematic. hey, with any luck, andy reid will be coaching the packers next year. >> or rex ryan. >> hey, we'll give you rex. you want rex ryan? >> we're happy with our coach. i would not want to be andy reid. >> no. >> he's going to san diego, barnicle tells me. >> he'd be on san diego next year. >> let's talk about what's in politico. you want to do that? >> love to. >> okay. so fiscal cliff is all the talk of washington, obviously. but you guys are writing this morning, your headline about the other fiscal fight, which is, again, the debt ceiling. >> yeah, i think people forget we have essentially three blink moments, sequestration, the debate, and we hit the debt limit probably some time in february. and you have to raise the debt limit unless you take the posture that some folks in the democratic party are recommending and saying just raise it unilaterally, have the president do that. i don't think that's what they want to do right now. in the past, congress has had to raise that debt limit. and as you know, house republ
's your policy? >> bret: senate majority leader harry reid says long-time republican senator bob dole is in army reed medical center. he is 89 years old and has been hospitalized several times in recent years. the kansas senator ran for president in 1996. vice president in 1976. the seasonal accused of the biggest security breach in u.s. history says he has been punished enough already. army private bradley manning is expected to testify this week in a pretrial hearing. his lawyers contend his isolation in the small cell where he was forced to sleep naked was illegal. they are seeking a dismissal of charges. manning is accused of sending classified war logs and diplomatic cable to website wikileaks. all sides seem to be digging in as the political turmoil in egypt continues. today another familiar sight in a familiar place not too long after the last president was forced from power there. correspondent steve harrigan is in cairo tonight. >> attempts by egypt president morsi to expand his powers have galvanized the oppositio opposition. in to the largest street protest since those that
by the senate majority leader harry reid who said the three republicans politicize sizing this issue and called their behavior outrage just, jenna. jenna: well have more as the story volz throughout the day. catherine, thank you. >> reporter: you're welcome. jon: another story gripping washington, the size of our national debt. one lawmaker says the real problem is the fiscal avalanche that looms if the government fails to deal with our massive national debt. it is now over $16 trillion and counting. utah republican senator mike lee wrote that the in an, wrote that in a recent opinion piece. he is a member of the joint economic committee. you're from utah. a lot of mountains there. i'm sure you know what an avalanche looks like and the problem with them is as you point out you don't know when they're going to come. >> that's right, jon. unlike the give which you can see coming the avalanche is there in the sense that the conditions are present but you don't know exactly when it is going to hit you. by the time it hits you it is too late to get out of the way. that's why we have to start moving
, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you believe more republicans will stick by this? >> what we're finding out right now zoraida is that there's a little bit of coming to jesus moment about how to fix the fiscal cliff. for republicans perhaps it is going to be higher taxes. for democrats there's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talking a lot about it. let's hear what he had to say about republicans who might break the pledge. >> no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
welfare at the expense of none other than the middle class. for more, we go to joy reid, managing either of grio.com and jared bernstein. welcome to you both. >> nice to be here. >> earlier we asked you to come up with a figure, because you know i have -- like a dog with a bone on this. we asked you to come up with a figure how much corporate welfare per year is dolled out. what did you find out? >> from the tax policy center, nonpartisan, highly reliable group, $150 billion in tax expenditures that favor corporations in 2012. so, there's your number. >> now, if i'm not mistaken, the amount we actually spend on entitlements that we actually are entitled to because we pay into a system is about half of that? in terms of who's getting the better deal, corporate welfare seems like the better deal and if we're looking for cuts, maybe that's where we should start? >> i think the point is that in both of these cases it's absolutely nonsense, and i know you share this view, to write off all of the social programs as, you know, welfare that just layabouts are -- that 47%, clear nonsense. at the
of taxes. and also stuck on the issue of entitlements. we had harry reid come out and basically say he wasn't open to reforming especially social security. so there's a big question mark about how they're going to move forward. remember, these are sort of their opening bids. presumably there is room for some sort of movement on either side. in terms of getting a deal done by the first of the year, i think there's a lot of pressure on both sides to try to get something done here. you remember the debt ceiling debate. after that sort of knockdown dragout fight, congress had its lowest approval ratings in history. they know they need to get something done. remember, if they don't get something done before the first of the year, it could have serious consequences on the economy. >> i want to ask you both to weigh in on this question. kristen, you do the political angle and neil you give me the nuts and bolts. yesterday john boehner wrote an op-ed calling for the health care law to be part of the negotiations, he wrote in part the president's health care law at the massive, expensive, unworkable
. republicans talking about reforming entitlements. you have harry reid saying he is not open to reforming specifically social security. there may be some wiggle room on some of the other entitlements, but things are off to a rocky start with house speaker john boehner writing an editorial saying he thinks the president's health care plan should be on the table. that is certainly something that both sides will go to the mat over, but i think there's a lot of pressure to get a deal done by the first of the year for the reason that you just cited. because if they don't, this will have a big impact according to a lot of economists on the economy and they just don't want to see that happen and bear the brunt of that. >> understandably so. quickly, the president's plans for today are what? is he there in the house behind you or elsewhere? >> reporter: he is in the house behind me. quiet day at the white house with his traditional thanksgiving dinner with the first family. i'm sure there will be all the fixings on the table, turkey, ham, a lot of different types of pies. yesterday president obam
a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at a grand bargain, it was the politics and brinksmanship and it all went nowhere until a final deal that brought us to this breaking point. do you think that the tax issue has to be solved first before you can get to any defending issues, any of the entitlement issues? >> i think it all has to be on the table. again, i don't want to be said what has to be done first or second. that's for them in the room. but the election is over. president obama won. he won fair and square. we won the house. we won it fair and square. democrats still control the senate. slight edge to the democrats. bottom line, it's over with. let's find a way to get this resolved as much as possible between now and the end of the year. so both the new congress and the president in his second term can start over with a clean slate. we have so many
boehner nor senate majority leader harry reid. senator, when are the democrats going to be talking about the hard decisions? >> alex, that is a very important point and i heard ed rendell refer to it a few minutes ago if your conversation. we all know that there is three parts to solving this problem. there is cutting expenditures, there are entitlements and there are revenue. democrats on the joint select committee that i chaired a year ago, could put serious proposals on that on the table. why we couldn't come to an agreement the republicans refused to put revenue on the table. they do that now, do it responsibly, fairly do it in a real way, then yes, we all know that we have to participate in some tough discussions and are willing to do that. but not until we get that piece that republicans have refused to put on the table so far, which is the revenue, mparticularly o the wealthy. >> governor rendell the senator channeled your name. i will direct this to you. when we talk about the conversation around entitlement reform. i think there's confusion in the american public about what prog
look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested the 200-day moving average. as we close out the month of november. we've seen relative strength in small cap stocks over large cap stocks. we're looking for that relationship to hold up, as well. and tomorrow we'll be looking at the growth number, which of course, consensus will expect an increase. we don't think it'll be a game changer because of the head winds such as the fiscal cliff, but we think it'll contribute to optimism about the economy. >> you're in a
or otherwise water down president obama's agenda. democrats have had it. majority leader harry reid has been a senate institutionalist for years and he's changed his mind. now he says he wants to change the rule for filibusters when the new senate convenes in january. president obama has signaled today he's on board, too. filibuster is badly needed. there is a problem, however. the rules changes the democrats have in mind really won't change anything at all. the first idea is to get rid of the fill bust other what's called the motion to proceed. what does that mean? it means a bill could only be filibustered once it's debated on the floor. not when snares are deciding whether to bring it to the floor. there's nothing wrong with this idea but even if adopted it will take 60 votes to pass anything in the senate. democrats' other idea is to force real talking filibusters. if republicans want a filibuster something they have to do it in the open, hold the floor, talk for hours on end, like the old days. supposedly this will shine the light on obstructionism. cause an uproar and cause the gop to
reid said about that. >> we would be somewhat foolish to work out something on the cliff and is six weeks later republicans could pull the same game they did before. >> dana, any indication progress is being made on this or just more roadblocks coming into the picture? >> you know, i was just as a breakfast where bowles and simpson were speaking, and it was a very gloomy and pessimistic affair, and erskine bowles was saying he sees barely eve an one-third possibility of avoiding the fiscal cliff. it appears everybody is just posturing right now. the president is doing it, congressional leaders are doing it. the few who do seem to be willing to compromise are for now the outliers. in fact, more obstacles are being thrown up, and we've got all of ten legislative days left in which to fix this problem. >> well, gloomy and pessimistic are not the words that we want to hear or i think, clarence, that we expected to hear because it seems that before the election there was actually some uniform opinion this absolutely was going to get done by the end of the year. what changed? >> well, it'
. harry reid has said no, social security won't be part of these negotiations. it should not be part of the negotiations. but isn't the essence of the problem here which you pointed out, got your finger on a little earlier, in our conversation, that there was an election -- >> there was. i remember it. >> bill: they forgot it. they seem to have forgotten it. they put out all of these bad ideas, stale ideas dangerous ideas and they lost. >> this was really an election on those ideas. >> bill: exactly. >> romney made the case. you have a choice between going down my road or obama's road and the country supported obama's road as he said even if folks didn't vote for him chose his road in terms of increasing marginal tax rates on the richest americans getting more revenue. not turning medicare into a voucher system. ryan used to say when they first selected him let's have this medicare debate because this is a debate we can win. guess what, guys. you lost it and you can't have the policies you wanted now after you have.
ceiling. now harry reid is calling to combine the two saying that any budget deal must also include an increase in the country's borrowing powers. the white house's official stance that john boehner will have to raise the debt ceiling but so far president obama is not requiring the two deals to happen simultaneously. more bill coming up. we'll be right back. alright, in 15 minutes we're i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ ♪ theme ♪ ] >> announcer: broadcasting across the nation on your radio >> announcer: broadcasting across the nation on your radio and on current tv, this is the "bill press show." >> bill: the republican war on women continues. jo
at omb, john boehner on the house side, and harry reid, senate majority leader, meds mcculloch -- mitch mcconnell, mayor daley there. paul ryan recently indicated he will be a major player in the talks. i think the important thing to notice is the rhetoric has softened quite a bit. certainly over last year when there was just can't other impasse. and in the initial days after the election there was some harding of the provisions but it has softened over the past week and indication there are movements spawned tax revenues and -- programs in an effort to have a deal. host: the topic is the sequestration side of the so- called fiscal cliff talks and there is a tweet that says -- guest: it is definitely not meaningless, the fiscal cliff. there is great meaning in what might happen with going over that cliff. and certainly there are major, major cuts to federal programs on the table that could have a widespread effect. host: and impact on jobs at the federal government? guest: absolutely. now, it may not impact jobs immediately. first of all, it will take some time for the sequester to go i
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